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IOP2601 ASSESSMENT 4 SEM 1 OF 2024 EXPECTED SOLUTIONS

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THIS DOCUMENT CONTAINS EXPECTED SOLUTIONS FORIOP2601 ASSESSMENT 4 SEM 1 OF 2024 SOLUTIONS. USE IT AS A GUIDE TO HELP YOU SCORE ABOVE 75%

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OSCAR THE TUTOR
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Question 1 FORFAC,ECS,MAC,DSC,TAX,FIN,INV,QMI,STA,B
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a) What is research, and why is it important? (2)

Answer: Research is a systematic process of inquiry aimed at uncovering new knowledge or
validating existing knowledge. It involves collecting, analyzing, and interpreting data to answer
specific questions or test hypotheses. Research is crucial for several reasons:

 Understanding the world around us: Research helps us gain insights into natural
phenomena, human behavior, and societal trends.
 Solving problems: Through research, we can develop effective solutions to challenges in
various fields, from medicine to engineering to social policy.
 Making informed decisions: Research provides data and evidence for informed
decision-making, both in personal and professional contexts.
 Advancing knowledge: Research continually expands the boundaries of human
understanding and fosters innovation.

(b) How does research differ from common misconceptions? (2)

Answer: Research often gets confused with mere information gathering. Here's the key
difference:

 Information gathering: Passively acquiring existing knowledge without a specific
purpose or critical analysis.
 Research: Actively seeking new knowledge or verifying existing knowledge through a
structured approach.

Research is more rigorous, often involving hypothesis development, data collection methods,
analysis, and interpretation. It seeks to answer specific questions and contribute to a broader
understanding within a field.

(c) How does research apply to Industrial Psychology? Provide an example. (2)

Answer: Industrial Psychology utilizes research to improve workplace well-being, productivity,
and employee satisfaction. Here's an example:

 Research Question: Does implementing a flexible work schedule lead to increased
employee engagement?
 Method: Researchers might conduct a survey of employees under a fixed schedule and a
flexible schedule to compare engagement levels and other relevant factors.
 Findings and Impact: Based on the results, organizations can decide whether to adopt
flexible work schedules to enhance employee engagement.

(d) How does translating data into numbers benefit decision-making processes? (2)

, Answer: Converting data into quantitative measures (numbers) offers several benefits:

 Objectivity: Numbers reduce bias and provide a standardized basis for comparison.
 Clarity: Numbers simplify complex relationships and patterns within the data.
 Accuracy: Numbers facilitate precise calculations and comparisons, improving decision-
making accuracy.
 Communication: Numbers enhance communication, allowing clear sharing of findings
and enabling collaboration.

By translating data into numbers, we gain a clearer picture, facilitate better analysis, and
ultimately make more informed decisions.

(e) Indicate whether the following statement is true or false. Also provide an explanation.
“The standard deviation is the square root of the variance and is denoted by the symbol σ.
(2)

Answer: True. The statement is accurate.

 Standard deviation (SD): Measures how spread out data is relative to the mean
(average). A higher SD indicates greater variability.
 Variance: The average of the squared deviations from the mean. It represents the average
squared distance from the mean.
 Symbol (σ): The lowercase Greek letter sigma (σ) is widely used to denote standard
deviation in populations (groups representing all potential data points)




OSCAR THE TUTOR
0737560989
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N
B,MNG tutoring

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